3/7/12

If Rush Limbaugh makes about $78 million per year, did Obama's Tax Deal give him about $15,324,704 more over the last two years?

"Compared to the Tax Cuts Extended scenario,
total tax liability for the Obama Plan scenario would be $7,662,352 higher

..................................................................Tax Cuts Extended................Tax Cuts Expired

Adjusted Gross Income...................................$78,000,000.....................$78,000,000?

About $38 million of earned income
At least $20 million of dividends on about $1 billion
At least $20 million of capital gains on on about $1 billion
= about $78 adjusted gross income?

Tax Liability on $38 million of income...................$19,273,989.....................$26,936,341?

Average Tax Rate..................................................24.53%.............................34.29%"?

$26,936,341 - $19,273,989 = $7,662,352 x 2 years = $15,324,704?What is the estimated net worth of Rush Limbaugh?

Tax CalculatorSingle
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect

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